Ledger Explores U.S. Initial Public Offering Amid Surge in Crypto Wallet Demand Due to Cyberattacks
Record Demand and Expansion: Ledger, a crypto hardware wallet provider, is experiencing record sales due to increased cyberattacks, prompting plans for a potential listing in New York and a strong revenue outlook for 2025.
Investor Interest and Capital Raising: The company is considering a U.S. public listing or private funding to raise capital, as it aims to attract institutional interest and expand its presence in New York, where investor appetite for crypto is high.
Product Changes and User Backlash: Ledger's introduction of a new multisignature app has sparked mixed reactions, with some users praising the improvements while others criticize the new fee structure as excessive, highlighting tensions between profitability and decentralization.
Security Concerns Driving Adoption: The rise in crypto-related thefts has led to increased interest in hardware wallets, with Ledger focusing on safeguarding private keys and expecting a sales spike during the holiday season amid a challenging cybersecurity landscape.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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